Embedded Capital Allowances = Tax Refund

What are Embedded Capital Allowances & am I eligible?

If you have wondered what Embedded Capital Allowances are and whether they can help your business, then you need to say “yes” to the following 4 questions:

Do you own a freehold or long leasehold commercial property?

If so, is that property being used for a qualifying trade?

Can you prove that you have incurred capital expenditure on that property?

Are you a UK tax payer?

If your answer to these four questions is yes, then you could be entitled to thousands of pounds of refundable tax, as Embedded Capital Allowances are a tax deductible allowance that can be set against business profits.

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When do Embedded Capital Allowance apply?

Every commercial premises has some embedded capital allowances, but according to HMRC, some 90% of these are left unprocessed.

Whilst most ‘everyday’ purchases (such as computers, carpets, desks etc) have usually been claimed for by your accountant, more complex and significant items may not have, due to the specialist nature of the work involved. The items include central heating, air conditioning, cabling, security systems and much more.